Nasdaq Stockholm fines Oscar Properties Holding AB SEK 410,000


Nasdaq Nordic markets

The Disciplinary Committee of Nasdaq Stockholm has found that Oscar Properties Holding AB (“Oscar Properties” or the “Company”) has breached Nasdaq Stockholm’s Rule Book for Issuers (the “Rule Book”) and, accordingly, has imposed a fine on Oscar Properties amounting to two annual fees, corresponding to an amount of SEK 410,000.

The Disciplinary Committee has found that Oscar Properties has breached Section 3.1 of the Rule Book by failing to disclose, as soon as possible, information regarding the arrest of the Company’s Chairman on September 26, 2017, as well as information about the suspicion of aggravated insider trading by the Chairman.

Moreover, the Disciplinary Committee has found that Oscar Properties has contravened Section 3.3.6 in combination with Sections 3.3.1 and 3.1 of the Rule Book by failing to disclose sufficiently comprehensive information regarding the underlying reason behind a forecast adjustment published by the Company on October 23, 2017.

The Disciplinary Committee takes a particularly serious view of thebreaches as the Disciplinary Committee previously has criticized the Company in another matter regarding inadequate information disclosure (see the Disciplinary Committee’s decision 2017:03). The Disciplinary Committee therefore has decided to impose a sanction corresponding to two annual fees.

Participating in the Committee’s decision were former Supreme Court Justice Marianne Lundius, MBA Ragnar Boman, Authorized Public Accountant Svante Forsberg, Company Director Carl Johan Högbom and Company Director Jack Junel.

Related News

arrow

Nasdaq Stockholm fines Oscar Properties Holding AB SEK 410,000

1

Send this to a friend